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Market Updates

Real estate market trends, property price statistics, and industry insights in San Miguel de Allende.

San Miguel Real Estate Market Update – September 2026

Residential real estate activity in San Miguel continues to show remarkable strength, positioning 2026 to become the second‑best year ever recorded. As of the end of September—and projecting sales through year‑end—we appear to be on track to finish just 3% below the record number of sales achieved in 2025, yet 3% above the record dollar volume posted last year. Inventory rose from 814 homes in August to 857 homes for sale in September, a trend that mirrors conditions in many U.S. markets where
Philip Hardcastle Philip Hardcastle
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San Miguel Real Estate Market Update – August 2026

Resale activity in San Miguel remains solid, though we are beginning to see early signs of the same market pressures affecting the U.S. housing sector. Through the end of August, 253 homes had closed compared to 289 during the same period last year. Properties Under Contract are also down 12.46% year‑over‑year. However, it’s important to remember that 2025 was a record‑setting year for residential resales in San Miguel de Allende, so trailing last year by twelve percent still reflects a healthy
Philip Hardcastle Philip Hardcastle
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Monthly Market Update April 2024

Inflation will continue to push prices up. The costs of the materials and labor continue to increase the Replacement Costs calculations to value a property will also continue to increase. This will...
Philip Hardcastle Philip Hardcastle
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1st Quarter 2024

Many sellers will hold out for the higher sales price, but as I have learned in my almost twenty years in San Miguel real estate, there are always sellers who will either...
Philip Hardcastle Philip Hardcastle
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San Miguel de Allende Becomes the Place to Escape

When the stock markets were up because many buyers, even if planning to eventually live here full time, were cashing in investments to purchase a second home.  But most of those escaping seem to be selling properties elsewhere to purchase a property in San Miguel. This means that...
Philip Hardcastle Philip Hardcastle
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San Miguel de Allende Market Update February 2022

We are starting to see prices slightly increase for homes that are well located and in better than average condition, the main indicators we see as sales activity increases are that there is less negotiation on the actual sales prices compared to...
Philip Hardcastle Philip Hardcastle
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Four Plus Year of Inventory and Growing

In early 2017, our inventory was as low as I had ever seen it and within the MLS there were only 175 properties listed for sale.  Today, there are over 850 resale properties for sale and it looks like there will only be around 150 sold this year.
Philip Hardcastle Philip Hardcastle
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Market Update October 1, 2020

Tracking 34 years of cycles in San Miguel, we should continue on a downward trend both in volume and prices. However, SMA is probably way more connected to the global economy today than it was even 15 years ago so this cycle may not track with the previous cycles.
Philip Hardcastle Philip Hardcastle
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What Will Help My House Sell?

The ones that are newer or have been remodeled sell better than a home that is feeling dated - even if it is in tip-top condition. In boom times buyers will often...
Philip Hardcastle Philip Hardcastle
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Mexico's Economy

... news from Mexico these days is mostly good ... the second largest economy in Latin America, has remained resilient to the U.S. slowdown and the financial turmoil from Europe.
Philip Hardcastle Philip Hardcastle
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Bouncing off the Bottom

… given that Centro is the hottest real estate market in San Miguel de Allende. It was the last to see the decline in prices after the crisis began and will be the first to recover as the downturn ends.
Philip Hardcastle Philip Hardcastle
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